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(MENAFN - AFP) In his first public appearance since 2008, former Lehman Brothers chief Richard Fuld Thursday blamed the financial crisis on a "perfect storm" of factors.

Fuld, who has kept a low profile since his firm's failure in September 2008 helped set off the biggest financial firestorm since 1929, said at an investment conference that the crisis was the result "not ...

(MENAFN - AFP) An Argentine judge Thursday ordered the arrest of three businessmen sought by the United States in its probe of corruption at FIFA, warning they will be considered fugitives if they fail to present themselves.

Argentine sports marketing entrepreneurs Alejandro Burzaco, Hugo Jinkis and his son Mariano Jinkis were among the 14 football officials and businessmen ...

(MENAFN - AFP) A Canadian recall of defective airbags manufactured by embattled Japanese auto parts giant Takata grew to an estimated 1.5 million Thursday.

Several models built by auto manufacturers Honda, Mazda, Toyota, BMW, GM, Nissan, Chrysler and Ford are included in the government notice.

According to Transport Canada's database, 704,770 Honda vehicles built between ...

(MENAFN - AFP) US banking giant JPMorgan Chase will cut thousands of jobs in a cost-shaving program aimed at saving $5 billion through 2017, a person close to the situation told AFP on Thursday.

The largest US bank will eliminate more than 5,000 jobs by next year, said another source, confirming a report in The Wall Street Journal.

The layoffs will affect all four of ...

(MENAFN - AFP) A consortium led by Swedish construction company Skanska was picked for a $3.6 billion project to modernize New York's LaGuardia Airport, regional transport officials announced Thursday.

The Skanska team, called LaGuardia Gateway Partners, was tapped by the Port Authority of New York and New Jersey to demolish the existing central LaGuardia terminal and build ...

(MENAFN - AFP) Google unveiled its pay-with-a-phone system for Android devices, ramping up its challenge to Apple in mobile payments.

Android Pay, unveiled at the Google developers conference in San Francisco, brings together mobile carriers, payment networks, banks and retailers to allow smartphone users to use their handsets instead of payment cards.

Google engineering ...

(MENAFN - AFP) As many as 22 people in South Korea and four US lab workers may have been exposed to anthrax after the American military accidentally shipped out at least one live sample, officials said.

The four lab employees were undergoing medical treatment as a precaution after the military sent the sample inside the country to a commercial lab in Maryland, US officials ...

(MENAFN - AFP) The prime ministers of six Balkans nations called Thursday on the European Union to help finance their economic development, stressing it is key for the volatile region's stability.

"We need money to develop infrastructure and we are addressing Europe to get it," Serbian Prime Minister Aleksandar Vucic told a regional economic forum.

By financially supporting ...

(MENAFN - AFP) Channel tunnel operator Eurotunnel announced Thursday it will end its partnership with MyFerryLink in shuttling travellers between France and Britain by sea, amid looming legal challenges.

Eurotunnel said it would not renew contracts expiring on July 2 under which it leased three ferries it had acquired in 2012 from bankrupt maritime transporter SeaFrance to ...

(MENAFN - AFP) Austria's central bank announced on Thursday it would repatriate a large part of its gold reserves currently stored in Britain, after auditors warned of the risk of bulk storing in a foreign country.

Until now the Austrian National Bank has kept 80 percent of its 280 tonnes of gold -- worth around 8.6 million euros ($9.3 million) -- in London.

But by ...

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